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Repsol corporate - reported results analysis

Report summary

Repsol's earnings were up year-on-year and beat analyst expectations. It was all the more impressive with production and realised prices down compared to a year ago. The overall message was that the business is on track to deliver 2019 targets and is working hard to achieve its strategic objectives by 2020. Exploration success in Indonesia, Europe and North America provided the main highlights while the downstream business had a challenging quarter.

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